Ryan Weeks

Here’s a handy thread for keeping tabs on all Bloomberg’s scoops and features about Tether’s bid to raise $20 billion at a $500 billion valuation 🧵

@fintechfrank Consistent if a bit jarring

@RyanJamesWeeks Well it’s consistent with the AI thesis

Buys AI.com domain for *$70 million*, cuts staff citing need to adapt to AI

Hong Kong Crypto Unicorn RedotPay Churns Executives in IPO Drive bloomberg.com/news/articles/…

With Billions to Spend, Tether Finds New Allies in Washington bloomberg.com/features/2026-…

And with that I’m off on pat leave for a month. What a busy week it was leading up to it. Bitmain, Tether and RedotPay features all dusted after months of work. Links in thread. TTFN. 🧵

Scoop! Hong Kong's RedotPay, an IPO hopeful in the stablecoin payments space, is contending with executive turnover and sensitivities around its connections to mainland China as it seeks up to $150 million just months after its last funding round. bloomberg.com/news/articles/…

How Eric Trump Became an Ally of One of China’s Biggest Crypto Companies My latest for @BW. Hardware giant Bitmain has been dogged for years by questions about the security of its mining rigs, but that hasn’t stopped it from seeking a foothold in the US. bloomberg.com/news/features/…

What is Tether? Somewhere between a Blackstone and a Google, CEO Ardoino says. We had a go at defining it at greater length. Read on for more on the stablecoin giant’s stunning reversal of fortunes in the US, its sprawling investment business and more. bloomberg.com/features/2026-…

Scoop! Tether's CIO Richard Heathcote is stepping down. He was instrumental in linking the stablecoin firm up with Cantor Fitzgerald, and oversees its vast portfolio of US treasuries and investments.

Scoop! Stablecoin payments startup Kast raises $80 million With @Suvajourno

Bloomberg asked me to write about five of Kuala Lumpur's top tables, from street food to fine dining. Tough job but somebody's got to do it.

@fintechfrank Don’t call it a comeback

SCOOP: Charles Schwab is staffing up to build its stablecoin. CEO Rick Wurster already confirmed on the summer call that Schwab will launch a stablecoin alongside spot BTC and ETH trading. Now the firm is hiring a PM to own the stablecoin product vision, roadmap, and on-chain experience.

Monero, which has a total market value of about $6 billion, is increasingly the token of choice on darknet sites dealing in drugs and stolen data My latest with @sidcoins and @Melambaye ft. exclusive insights from @trmlabs bloomberg.com/news/articles/…

"Ask federal agents, officers or prosecutors whether crypto’s traceability really makes their jobs easier, and the answer you’re most likely to get is: If only." Brilliant story from @JessicaVBrice on the grim reality of crypto crime. bloomberg.com/news/features/…

After years of chasing the riskiest trades in crypto, South Koreans have had enough Nice one from @sidcoins and @JaehyunEom

Scoop! Tether aided Turkey in a recent half a billion dollar crypto crackdown W. @_ToddGillespie and @taylanbilgic

Bitcoin Bounces as Traders Buy Dip After 50% Retreat From Peak bloomberg.com/news/articles/…

Bybit plans to start offering banking services with the launch of accounts that will let customers hold balances in US dollars and other fiat currencies bloomberg.com/news/articles/…

There are 195 countries in the world. @Bybit_Official is active in 241. Incredible.